The first step in starting your Harsant SSAS is building up a fund of savings, which you can then invest. Contributions can be made both by the company and the individual members. You have complete control over your savings. This means you decide when and how much you pay into the account. Contributions can be varied, stopped and started with no penalties so you can adjust your payments as you please.

Company contributions

Unlike most pension arrangements there is no requirement to make regular contributions on behalf of the members. This means that the company can make contributions when profits and cash flow allow. The contributions are treated as a company expense and qualify for corporation tax relief.

Member contributions

There is no limit to member contributions but tax relief will only be granted on contributions up to 100% of earnings in any tax year, up to the annual allowance. Should you wish, the scheme also allows individual SSAS members to consolidate other existing pensions. Members can transfer other UK registered pensions into the SSAS either as assets or by transferring cash. This gives you the opportunity to change existing investment strategies and means all your pension assets are administered under one trust.